Court Decides to Freeze Assets of Former Celsius CEO Alex Mashinsky
The District Court of New York has issued an order to freeze the assets of former Celsius CEO, Alex Mashinsky, while the criminal case against him is being considered.
These assets include bank accounts with Goldman Sachs opened for Koala LLC, as well as residential real estate in Austin, Texas.
It was only made public now because of fears that the accounts could be emptied before the actual freeze was enacted. In January 2023, the New York Attorney General’s Office denounced Mashinsky for allegedly defrauding investors of billions of dollars, leading to his arrest in July.
He and the Celsius platform then faced seven other criminal charges from the US Department of Justice, such as securities fraud, price manipulation of the CEL token, misleading investors, and conspiracy to defraud customers. Both the SEC and CFTC have since joined the case.
